Question 1

A best-of-breed approach chooses the best software application for a particular function.

Accepted Answer

A best-of-breed approach involves selecting the best software application for a specific function, rather than choosing a single software suite that may not have the best capabilities in every area.

Question 2

Supply chain integration tends to be more challenging in global,as opposed to domestic,supply chains.

Accepted Answer

Global supply chains involve coordination across multiple countries with different regulations, languages, and cultural expectations, which can create additional barriers to integration. Additionally, there may be logistical challenges such as longer lead times and transportation issues that can further complicate the integration process.

Question 3

Assume that it is decided to prepare a statement on returns to be distributed to all retailers and that it should be less than a single double-spaced page.Prepare such a statement.

Accepted Answer

The answer of Assume that it is decided to prepare...

Question 4

From the standpoint of an individual concerned with accounting controls,discuss and evaluate Johnson Toy Company's present policies for handling returned items.

Accepted Answer

The answer of From the standpoint of an individual concerned...

Question 5

Corporate cultures should not be considered when designing a supply chain.

Accepted Answer

Corporate cultures should be considered when designing a supply chain as they can greatly impact communication, decision-making, and overall effectiveness of the supply chain. Understanding the values and beliefs of a company can help tailor the supply chain to align with those cultural aspects and ultimately lead to success.

Question 6

Propose a policy for handling returns that should be adopted by the Johnson Toy Company.Be certain to list circumstances under which exceptions would be allowed.Should it apply to the Jungle Jim dolls?

Accepted Answer

The answer of Propose a policy for handling returns that...

Question 7

One cause of the bullwhip effect is asymmetrical information among supply chain participants.

Accepted Answer

Asymmetrical information can lead to miscommunication and misinterpretation of demand signals, resulting in the amplification of the bullwhip effect.

Question 8

Today,computer hardware is a larger barrier than computer software to interorganizational collaboration.

Accepted Answer

This statement is currently false. With advances in technology, computer hardware has become more accessible and standardized, while software applications and platforms continue to evolve and present challenges for collaboration between organizations.

Question 9

The overall global climate for business has shifted toward allowing more cooperation among firms-which should help supply chain management.

Accepted Answer

The statement is true as businesses increasingly recognize the benefits of collaboration and cooperation in managing complex global supply chains.

Question 10

Actual senior management commitment to supply chain management occurs in one of every two organizations.

Accepted Answer

Studies and surveys on supply chain management practices indicate that while many organizations recognize the importance of supply chain management, actual senior management commitment varies widely and is not as high as one in every two organizations. Commitment levels are often influenced by the organization's size, industry, and strategic priorities, leading to a lower overall rate of true senior management commitment across all organizations.

Question 11

Top management is sometimes hesitant to fully commit to supply chain management.

Accepted Answer

Top management may sometimes be hesitant to fully commit to supply chain management due to various reasons such as lack of understanding, resistance to change, or concerns about costs and return on investment.

Question 12

On the basis of the policy in your answer to question 3,develop instructions for the Johnson Toy Company distribution and accounting departments with respect to their roles and procedures in the handling of returns.

Accepted Answer

The answer of On the basis of the policy in...

Question 13

Intensive distribution refers to where one organization owns multiple participants in a supply chain.

Accepted Answer

Intensive distribution is a strategy where a product is stocked in as many outlets as possible, not about ownership of supply chain participants.

Question 14

Until the policy you recommend in your answer to question 3 takes effect,how would you handle the immediate problem of retailers wanting to return unsold Jungle Jim the Jogger dolls?

Accepted Answer

The answer of Until the policy you recommend in your...

Question 15

Supply chain agreements should be designed to reward all participants when collaborative ventures are successful and all participants should share the consequences when these ventures are less successful than desired.

Accepted Answer

Collaboration in supply chain relationships requires mutual benefit and risk sharing. Therefore, agreements should include incentives for successful performance and cost-sharing for unsuccessful performance. This encourages all parties to work together towards the common goal of improving supply chain efficiency and effectiveness.

Question 16

Broadly speaking,organizations can pursue three primary methods-vertical integration,formal contracts,informal agreements-when attempting to integrate their supply chains.

Accepted Answer

This statement correctly identifies the three primary methods that organizations can pursue for supply chain integration.

Question 17

Supply chain analytics combines technology with manual employee effort to identify trends,perform comparisons,and highlight opportunities in supply chain processes,even when large amounts of data are involved.

Accepted Answer

Supply chain analytics does indeed use technology alongside human analysis to identify patterns, compare data, and find ways to improve supply chain processes, especially when dealing with complex data sets.

Question 18

An individual firm can only be involved in one supply chain at a time.

Accepted Answer

An individual firm can be involved in multiple supply chains, as they may be a supplier to one company while also being a customer of another.

Quiz 5: The Supply Chain Management Concept